Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | Subscribe to Turner's Take Podcast
China called and they want to talk about trade. China has already reversed on crude oil imports from the US and now the market is thinking China needs to find a solution to get away from their tariffs on soybeans. The tariff on soybeans was purely political by China as it has increased their price for soybeans by 20% or more. Once China put a 25% tariff on Soybeans imports from the US, Brazil was free to price gouge…and they have!
Soybeans were up over 25 cents today due to the announcement from China that they are sending delegates to Washington for trade talks.
BLOOMBERG | Trump Pushes China for Better Deal With Trade Talks Set to Resume
We continue to like corn and wheat once we get past Sept Corn/Wheat FND (last business day in Aug). Exports for wheat are finally starting to pick up as Iraq bought wheat from the US this week. Starting in November US wheat might be the only game in town for exports. Stay tuned!
While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s Take Ag Marketing for hedgers. Want to know what to look for in the commodity futures markets? Take a listen to Turner’s Take podcast!
Craig Turner – Commodity Futures Broker
Turner’s Take Ag Marketing http://www.turnerstakeag.com
Turner’s Take Futures Spreads http://www.turnerstake.com
312-706-7610
cturner@danielstrading.com
Twitter: @Turners_Take

Try Turner’s Take Ag Marketing – for 30 Days
Turner’s Take Ag Marketing – Trial - Turner’s Take Ag Marketing specializes in helping producers with their risk management in both cash marketing and hedging. With this exclusive set of resources, you’ll have the tools you need to make market moves and have the guidance of a trusted professional every step of the way.
Risk Disclosure
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.